Good corporate governance and best practices have been driving the shift in the regional market, says Jamal Fakhro, Managing Partner at KPMG Bahrain, in an exclusive interview

The falcon was 16.5 inches both long and wide, and weighed 980 grams.

The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.

Saudi Arabia’s output growth dipped to the weakest level for ten months amid a slowdown in new business gains.

Saudi Arabia has launched a strict campaign of penalizing companies and individuals involved in polluting water resource of the kingdom. The fine could be up to $5.3 million.

The Covid-19 pandemic has acted as a force multiplier for existing cyber threats while giving birth to a whole new set of cyber risks. Cyber criminals have switched tactics to exploit the new reality of remote working on personal devices. In 2020, the UAE has experienced around 15.8 million brute...

As part of economic transformation, some Gulf countries seek to achieve targets in digital transformation via long-term plans such as Saudi Vision 2030 and UAE Vision 2030.

Companies and institutions seeking to reduce their emissions will increasingly turn to the platform to trade carbon credits

The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East headquarters in any other country

Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the global maritime industry.

IsDB also contributed to Covid-19 relief in 2020, where it approved financing of around $2.3 billion.

The UAE government's recent decision to slash the fee to set up a business by 94% to US$272 is expected to attract foreign investments and propel the non-oil economy.

A total of 725,000 ordinary shares of the Saudi company were fully subscribed.

The Saudi utility developer -- half-owned by the the Kingdom's Public Investment Fund, plans to issue 85.3 million shares -- representing 11.67% of the firm after a capital increase.

Saudi Basic Industries Corporation is the chemical arm of Aramco.

UAE is among the first countries in the Middle East to use cloud seeding technology for a project whose trials started in late 1990s.

DUBAI: HSBC Saudi Arabia has said it is offering the first environmental initiative investment fund in the kingdom, which will provide eligible investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation. The company said the HSBC Global Equity Climate Change Fund will provide interested customers...

The Arab world's most powerful economy is devoting enormous resources to attracting at least 100 million tourists by 2030. TRENDSMENA offers a glimpse into the major tourist attractions of the kingdom.

The sectors in the country that attracted the most foreign investment were banking, basic items, energy, and communications.

Saudi Central Bank’s (SAMA) net foreign assets suffered a $4.4 billion drop in July, SAMA data showed on Sunday.

Saudi non-oil exports recorded a 40 percent jump, the highest-ever monthly level, in June 2021, touching $6.2 billion.

Medical, lab supplies and equipment can be purchase online.

Starting a business in the Emirates makes a $7,444 hole in the pocket, but world-class infrastructure, excellent connectivity, business-friendly policies and low taxes attract investors from across the world.

Saudi Arabia and Oman have pledged to boost trade and economic ties between the two countries, months after the two neighbors began discussions on how to deepen their relationship.

While the UAE has seen a record amount of real estate sales in the first six months of 2021, Saudi Arabia has prioritized increasing the supply of housing units and strengthening partnerships with the private sector.

Top global experts attended the second edition of the International Dates Conference held in Qassim as part of the annual Buraidah Date Festival.

Driven by an increase in net loans and return on equity in the second quarter, Saudi Arabian banks are sitting pretty as the region’s economy continued its rebound from the Covid pandemic.

Saudi economy may perform better this year than forecast earlier with the continual recovery of the non-oil industry from the blows of the coronavirus pandemic.

Local media showed women picking up customers in the Al-Ahsa governorate.

While joblessness will be a worry, the economies of the GCC countries are expected to grow by about 2.5 percent between 2021 and 2023.

They were produced by the United States and Boeing in partnership with Qatar itself.

Alibaba Cloud is expected to help promote Saudi Arabia as a tourist destination to travelers in the Chinese market.

The Gulf hotel sector's investments, according to reports, have reached $27 billion. New hotel projects worth $3.5 billion in the region were approved in 2020, indicating that investors expect the hotel market to return to normal in the next two or three years when activities resume at normal level.

Family-owned businesses in the Middle East, estimated to be worth more than $1 trillion, have been bogged down with issues such as corporate governance, estate planning and succession.

Saudi Arabia has begun to obtain ‘high-resolution’ geological data spread over 600,000 square kilometers in the kingdom, enabling it to find mineral deposits in the region.

The Information technology (IT) sector in Saudi Arabia will witness a big boom, with the market expected to touch $27 billion by 2025.

Saudi Arabia has lifted the ban on the entry of foreigners from 20 countries, six months after the kingdom declared it to contain the spread of Covid-19.

The number and value of mega projects set to transform the country’s real estate landscape and showcase the kingdom’s vision for an ultra-modern future to the world, says Knight Frank. Neom, a project for a smart and tourist cross-border city in the far north-west of Saudi Arabia, alone will cost...

As part of its grand "Riyadh Strategy," the kingdom will give the city a complete makeover, building satellite townships, new airports, blocks of residential apartments, commercial space, a broad network of transportation, including subways, swaths of landscape covered in green, adequate supply of drinking water, and much more.

The plants will be built on land plots with a total area of 12 million sq m in Jeddah and Rabigh.

The period has been extended from August 23, 2021, to February 16, 2022, with violators looking at fines of around $1,3 million or imprisonment of up to 5 years, or both.

Saudi Arabia has opened up its defense sector for local and international companies to invest in, and in this direction it will launch a digital platform for investors.

Saudi Arabia has approved the use of the Moderna Covid-19 vaccine for people aged between 12 and 17. The kingdom's decision was based on the data provided by the pharmaceutical company.

Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations and eyes 100 million tourists by 2030.

In a wide crackdown against offenders violating various laws of the kingdom, Saudi Arabia has arrested 16,000 people for contravening residency, work, and border security systems in the last five days.

At least one ton of honey has been sold in just 10 days at a festival in Baha, Saudi Arabia, with a large number of visitors attending the festival.

Saudi Arabia has seen a sudden growth in the size of freelance workforce with the number doubling in the first half of this year as the economy shows more signs of recovery from the pandemic.

The GCC might have been a late entrant to the exclusive club of space programs, but with its deep pockets it has gradually squeezed its way to the top.

Although its supply of crude oil fell ten percent on the month, Saudi Arabia still continued to be China’s top crude oil supplier for the ninth month in July, while Russian imports slipped by just 4 percent.

Alert officials of the Zakat, Tax and Customs Authority at King Fahd International Airport in Dammam have seized more than 2.6 kilograms of cocaine into Saudi Arabia while it was being smuggled into the kingdom